SOL is currently around 87.5u, trading along the high point of this rebound. First, the judgment: the direction has genuinely turned more bullish. But at this level, I won’t chase; I’ll wait for a pullback.
The most concrete evidence is on the funding side. In the past 3 hours, net inflows from spot large orders are over 5 million, with net inflows across 12 consecutive window periods—this isn’t just a one-off spike. Big players are also adding: the long-to-short ratio for accounts and positions is around 2x, longs make up close to 70%, and over the next 7 hours they’re still increasing their positions. Real money is flowing toward the long side.
The derivatives side also isn’t overheated. Open interest increased by just 6 points in a day, while the funding rate is only 0.01%—there’s no overcrowding feeling where longs are packed to the limit. Price and open interest are moving up together; this combination is healthier than price rising while reducing positions.
But here’s the catch: price is hugging the 24-hour high, and the short-term momentum is already stretched. RSI is near 75, and the candlestick is pushing out above the Bollinger upper band—when momentum is stronger, pullbacks are more likely to be sharp. Even more to watch is contract-side aggressive orders: the bid (buy) side accounts for only a bit over 30%, meaning the shorts are pressing orders more aggressively. Add to that the order book depth—on the 20-level sell orders are thicker than the buy orders—so whether this level can hold needs a question mark.
That’s why I’m not chasing under resistance. Stay bullish on the direction, and wait for a pullback near the moving average to see if someone steps in; only if it holds firmly will I act. Or else, wait for it to break the new high with increased volume, and let the market choose. If you rush in right now, the risk-reward isn’t great.
#sol $SOL
The most concrete evidence is on the funding side. In the past 3 hours, net inflows from spot large orders are over 5 million, with net inflows across 12 consecutive window periods—this isn’t just a one-off spike. Big players are also adding: the long-to-short ratio for accounts and positions is around 2x, longs make up close to 70%, and over the next 7 hours they’re still increasing their positions. Real money is flowing toward the long side.
The derivatives side also isn’t overheated. Open interest increased by just 6 points in a day, while the funding rate is only 0.01%—there’s no overcrowding feeling where longs are packed to the limit. Price and open interest are moving up together; this combination is healthier than price rising while reducing positions.
But here’s the catch: price is hugging the 24-hour high, and the short-term momentum is already stretched. RSI is near 75, and the candlestick is pushing out above the Bollinger upper band—when momentum is stronger, pullbacks are more likely to be sharp. Even more to watch is contract-side aggressive orders: the bid (buy) side accounts for only a bit over 30%, meaning the shorts are pressing orders more aggressively. Add to that the order book depth—on the 20-level sell orders are thicker than the buy orders—so whether this level can hold needs a question mark.
That’s why I’m not chasing under resistance. Stay bullish on the direction, and wait for a pullback near the moving average to see if someone steps in; only if it holds firmly will I act. Or else, wait for it to break the new high with increased volume, and let the market choose. If you rush in right now, the risk-reward isn’t great.
#sol $SOL
